Question

Required information (The following information applies to the questions displayed below) Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following Information is available regarding its June inventories: Beginning Ending Inventory Inventory Raw materials inventory $ 198,000 $ 221,000 Work in process inventory-Weaving 340,000 415,000 Work in process inventory-Sewing 600,000 750,000 Finished goods inventory 1,296,000 1,496,000 The following additional information describes the company's manufacturing activities for June: $ 560,000 3,660,000 212,000 Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $ 250,000 81,000 150,000 $1,325,000 585,000 1,750,000 90% 155% $5,250,000 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage. (c) indirect materials usage. (d) direct labor usage, (e) indirect labor usage. In other overhead costs, (g) overhead applied, and (h) payment of total payroll costs. View transaction list View journal entry worksheet No Transaction General Journal 1 Work in process inventory Sewing Work in process inventory Weaving Debit Credit

Answer 1

a) Overhead applied Overhead rates as a s. cf direct labour 90% Wearing 1,325.000X 90°). 1,199,500 906, 750 Sewage 155 = 585,000/55% 1,192,500 Overhead Contolok (weanns) or Overhead Control Alc (Sewage) Dr 906,750 1.199,500 To Cost ledser Controlak (wearing) To Cost leelser Control Ak (sewage ( (being Overhead's are applied) 906,750